Dec 22, 2012 10:00am PST
you some of the figures. large cities produce 83% of economic output in the united states. the 30 largest cities in the u.s. account for half of all gdp. now, we're all in favor of good infrastructure until it comes time to pay for it. you say that some money can come from the private sector, but we've had some high-profile examples of public/private partnerships that have gone wrong. how do city governments make sure that city residents get what they pay for? >> i don't think there's any simple answer to this. and by the way, one reason when he we might want a national infrastructure bank is not for the money but just to provide oversight and ombudsman so that you have somebody to go to when off project or regulator, an interlocutor perhaps. we should definitely allow private money. there is an additional problem, and richard probably knows more about this, about so-called eminent domain, where you can't just clear things out. in china, they used to at least just knock on your door and say you're moving, we're building here a road here. you have to move out of your parm tomorrow.
Dec 23, 2012 12:00pm PST
and that cities are key to the economy. large cities produce 83% of economic output in the united states. the 30 largest cities in the u.s. account for half of all gdp. we're all in favor of good infrastructure until it comes time to pay for it. you say that some money can come from the private sector, we've had high-profile examples of public-private partnerships that have gone wrong. how do city governments make sure that city residents get what they pay for? >> i don't think there's any simple answer to this. one reason we might want a national infrastructure bank is not for the money, but to provide oversight, you have somebody to go to when you have a project, a regulator. an interlocutor. we should alloy private money. there's an additional problem. about so-called eminent domain. you can't just clear things out in china they used to at least just knock on your door and say you're moving. we're building a road here. you got to move out of your apartment tomorrow. we can't do that. it makes it trickier in our older cities to rebuild in the way they did in china. >> it's an interesting analo
Dec 11, 2012 4:00pm EST
proxies for medallions. they are required to operate cabs in many large cities including new york. the meters run higher than most other asset classes for decades. >> i don't think we ever thought it would hit a million dollar price. they have gone up 15% per year for 70 years. outperforming the dow, gold, nasdaq and real estate. >> his grandfather bought one of the badges for 10 bucks. 10,000% return since 1937. look at stock when you reinvest dividends, leaving s&p 500 behind in its rear view mirror. david: what do one cost? >> million bucks for the corporate guys. one million bucks or 700,000 for an individual. david: thanks, robert [ malennouncer ] it's tt time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you realldon't want to pay more than you have to. only citi price rewind aumatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all youeed is a magic carriage. citi
Dec 26, 2012 8:00am PST
time. stay alert. if you have any tornado watches or warnings for your city, seek shelter immediately because that risk is very real especially in this area shaded in red and outer banks of north carolina and isolated tornados, damaging wind gusts and large hail from some of the thunderstorms. blizzard warnsing are in effect. not just heavy snowfall, up to six inches across parts of the midwest. you factor in wind gusts over 40 miles per hour. in parts of indiana, illinois, and ohio. we have winter storm warnings in portions of pennsylvania, upstate new york and portions of new england. jamie, for parts of new york city looks like we'll get a coating throughout the evening rush. the heavy snowfall will stay further to the west. jamie: maria molina will be pretty busy today. thank you, maria. of course these tornados i was mentioning are pretty rare occurrence in winter. but they do happen and can often be deadly. in fact over last three years 21 people have been killed by tornados this time of year. average of 34 tornados spring up in the month of december. the last time a tornado str